Brexit and the City: missing the bigger picture on jobs

Conflicting short-term hiring data is confusing the debate on London's future, which is being influenced by more than just leaving the EU

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Another week, and another set of numbers that send completely contradictory messages about the impact of Brexit on the City of London.

This week the recruitment firm Robert Walters said the City had shrugged off concerns over Brexit and that hiring had "surged" 37% in July compared with last year. Meanwhile a rival firm, Morgan McKinley, published its own research saying recruitment had dropped by 11% over the same period and that the City was "haemorrhaging talent" as a result of Brexit.